SAN CARLOS, Calif.,
March 9, 2021 /PRNewswire/ --
SVF Investment Corp. 2 (the "Company") announced today the pricing
of its initial public offering of 20,000,000 Class A ordinary
shares at $10.00 per share. The
shares will be listed on the Nasdaq Capital Market ("Nasdaq") in
the United States and trade under
the ticker symbol "SVFB" beginning on March
9, 2021.
The Company is sponsored by SoftBank Investment Advisers
("SBIA"), the investment manager to the SoftBank Vision Funds. The
Company was formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses in a
technology-enabled sector. The company is led by Munish Varma, Managing Partner for SBIA, and
Navneet Govil, the CFO of SBIA.
Sunil Gulati and Fred Hochberg will serve on the board as
independent directors.
In addition, an affiliate of the sponsor entered into a forward
purchase agreement with us on March 8,
2021 that provides for the purchase of up to $150,000,000 forward purchase Class A ordinary
shares, for $10.00 per share, in a
private placement to close substantially concurrently with the
closing of the initial business combination.
Citigroup Global Markets Inc., UBS Securities LLC, Deutsche Bank
Securities Inc., Cantor Fitzgerald & Co., and Mizuho Securities
USA LLC are acting as book-running
managers in the offering. The Company has granted the underwriters
a 45-day option to purchase up to 3,000,000 additional shares at
the initial public offering price to cover over-allotments, if
any.
The public offering is being made only by means of a prospectus.
Copies of the prospectus relating to the offering may be obtained
for free from the U.S. Securities and Exchange Commission website
http://www.sec.gov; Citigroup Global Markets Inc., c/o 388
Greenwich Street, New York, New
York, 10013, Telephone: 1-646-291-1469; UBS Securities LLC,
1285 Avenue of the Americas, New York,
New York 10019, Attention: Syndicate , Fax +1 (212)
713-3371; Deutsche Bank Securities Inc., 60 Wall Street, 2nd Floor,
New York, New York 10005,
Attention: Equity Capital Markets – Syndicate Desk, with a copy to
Deutsche Bank Securities Inc., 60 Wall Street, 36th Floor,
New York, New York 10005,
Attention: General Counsel, Fax: +1 (646) 374-1071; Cantor
Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue,
5th Floor New York, New York
10022; Email: prospectus@cantor.com; and Mizuho Securities
USA LLC, 1271 Avenue of the
Americas, New York, NY 10020,
Attention: Equity Capital Markets.
A registration statement relating to the securities sold in the
initial public offering has been declared effective by the U.S.
Securities and Exchange Commission on March
8, 2021. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
For more information, please see www.svfinvestmentcorp.com.
Forward-looking statements
This press release contains
statements that constitute "forward-looking statements," including
with respect to the initial public offering and the anticipated use
of the net proceeds thereof. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company's registration statement and preliminary prospectus for the
Company's offering filed with the SEC. Copies are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
About SVF Investment Corp. 2
SVF Investment Corp. 2 is
a newly organized blank check company formed by an affiliate of
SoftBank Investment Advisers ("SBIA"). Through the SoftBank Vision
Funds, SBIA is investing up to $100
billion in many of the world's leading technology companies,
including those we helped take public such as 10X Genomics, Auto1,
Beike, DoorDash, Guardant Health, OneConnect, Opendoor,
PingAn Good Doctor, Qualtrics, Relay
Therapeutics, Seer, Slack, Uber, View, Vir, and ZhongAn Insurance.
SBIA's global reach, unparalleled ecosystem, and patient capital
help founders build transformative businesses. SBIA manages one
existing blank cheque company, SVF Investment Corp., trading on the
Nasdaq Capital Market under the ticker symbol "SVFAU", "SVFA" and
"SVFAW".
Contacts
For investor inquiries: svfinvestmentcorp@softbank.com
For media inquiries: rowan@softbank.com